Deutsche Bank upgraded TransDigm Group (NYSE: TDG) from Hold to Buy and raised the price target from $150.00 to $175.00.
Deutsche Bank said, “Though we’ve previously been (wrongly) turned off by TDG’s valuation, at this point we expect 1) aftermarket comps get easier, 2) deal flow likely picks up, and 3) the 500bps relative underperformance YTD gives a brief opening. Our target price is $175 (up from $150) with potential for more upside beyond that under more bullish cash deployment scenarios.”
TransDigm Group closed at $143.39 on Friday.
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Tags: Deutsche Bank
Posted in: Analyst Color, Upgrades, Analyst Ratings